Knoxville real estate data is showing that sales are up and home values are still great for buyers. Around the US headlines are touting marked improvements in local markets, many areas having switched from buyers’ markets to sellers’ markets. The positive change has many real estate investors wondering if they have missed the boat. Here in Knoxville there are still some great values for real estate investors, and it is a good time to examine the market.
The real estate tracking website Trulia.com is currently displaying data for the three week period of August 7th through August 28th. Knoxville real estate sales volume is up 3.8% compared with the same period a year ago and the average price per square foot is down 8.8%. The data suggests that more buyers are seeing value in today’s market where home prices have not yet recovered fully and the market is still seeing a number of distressed properties. On the other hand, the median home value for homes sold is up 4.8% which implies more expensive homes in Knoxville are selling.
Contact us today to learn more about Knoxville real estate and current market conditions. We keep our fingers on the pulse of the community in order to keep our clients informed. The Pozy Team can help you with all of your buying and selling needs.
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